Savosolar and Jelling Varmevaerk signed a contract of 0.7 MEUR for an extension of the existing field

Savosolar Plc Company Announcement 5 July 2018 at 8:30 a.m. (CEST)

Savosolar and Jelling Varmevaerk signed a contract of 0.7 MEUR for an extension of the existing field

Savosolar Plc (“Savosolar” or the “Company”) and Jelling Varmevaerk have signed an agreement on delivery of a solar thermal collector field. Value of the agreement is approximately 0.7 MEUR and it concerns extension to the solar thermal collector field delivered by Savosolar in 2016.

Manufacturing of the collectors may begin immediately. Delivery of the field is expected to take place mostly during 2018 and the hand over by May 2019 at the latest.

Savosolar CEO Jari Varjotie: “We are extremely proud that Jelling has decided to extend their solar thermal system delivered by Savosolar, which is a brilliant landmark in their village. For us the extension in Jelling is the best possible sign of the customer being satisfied with the performance of the system, and we thank Jelling Varmevaerk for the trust they show to us by doing this investment.”

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 5 July 2018 at 8:30 a.m. (CEST).

Savosolar in brief

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 18 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.